Economic system — a set of interrelated economic elements forming certain integrity, economic structure of society; the unity of the relations regarding the production, distribution, exchange and consumption of economic goods. Traditional Economics is based on the traditions transmitted from generation to generation. These traditions determine which goods and services to produce, for whom and how. The list of benefits, technology of production and distribution are based on the customs of the country. The economic role of members of the company are determined by heredity and caste affiliation. This type of economy is preserved today in some underdeveloped countries where technological progress penetrates with great difficulty, as it usually undermines the established in these countries customs and traditions. Characteristic features of the economies of the traditional types: 1)Weak development of equipment and production technologies; 2)Large proportion of manual labor in all sectors of the economy; 3) a Minor role in the traditional economy of enterprise, including small and constant when increasing the scale of operations of large units; 4)the Predominance in all aspects of social life traditions and customs. The market economy is characterized by private ownership of resources and use of markets and prices to coordinate economic activity and management. What, how and for whom to produce determines the market through the mechanism of supply and demand. In a capitalist system, material resources are privately owned. The right to enter into binding legal contracts, enables individuals at its discretion to dispose of its material resources. The main features of a market economy: 1)Private property; 2)Freedom of entrepreneurial choice; 3)Competition;4)Reliance on the market system;5)the Limited role
Столицей Соединенных Штатов Америки является город Вашингтон, который назван именем Джорджа Вашингтона — первого президента Соединенных Штатов. В этом городе живет 572 тысячи жителей. Вашингтон — это политический центр США, где находится Капитолий — здание конгресса США. Интересно, что Капитолий — самое высокое здание в этом городе, поскольку законодатели запретили возводить более высокие постройки
The capital of the United States of America is the city of Washington, which is named after George Washington, the first President of the United States. It's home to 572 thousand inhabitants. Washington is the political center of the United States, where is the Capitol of the building of the US Congress. Interestingly, the Capitol of the tallest building in this city, as lawmakers banned to build more high buildings.
1) In the Tyrrhenian sea, off the west coast of Italy
2) You can buy clothes in the fashionable boutiques .
3) Roman emperors built on the island
4) The garden has also got an amazing view of the island
5) It's a sea cave on the northwest coast of the island